Indian Indices:
Equity benchmarks extended losses for the second consecutive session on Friday with Nifty opening May series on a negative note. Sensex slipped below 30000.with a loss of 111.34 points & nifty closed down by 38 points at 9304.
On the corporate front, IndusInd Bank, YES Bank, Sasken and Network18, will release their financial results for the quarter ended March 31, 2017 today.
The benchmark indices on Tuesday erased entire morning gains to extend losses for the fourth straight session as investors booked profit in banking stocks after Nifty PSU Bank index hit its 52-week high on expectations of robust March quarter earnings.
Global Market:
Asian stocks climbed and the yen weakened for a fourth day, with many of the region’s equity markets returning from holidays on a positive note.
Wall Street was mixed on Monday, boosted by gains in Apple and other big tech stocks that more than offset weak economic data and pushed the Nasdaq Composite to another record high.
Investors braced for another heavy week of quarterly corporate results in an earnings season that has exceeded expectations. Euro zone manufacturing & PMI data, European markets shut for holiday.
Major Headlines of the day:
• HDFC plans to raise Rs.5,000 crore via Masala bonds.
• Core Industries grow by 5% In March, fastest in 3 months.
• Dr Reddys USFDA issues 11 observations to cos Bachupally plant.
• IGL acquires two steel pipelines from GAIL
Trend in FII flows: The FIIs were net buyers of Rs -1150.43 the cash segment on Friday while the DIIs were net sellers of Rs 1684.44 as per the provisional figures.
UPCOMING RESULTS: JSWENERGY, ASTRAMICRO, RUSHIL, BHARATFIN, DCM, DABUR, ORIENTCEM, MARICO, RBLBANK, INOX, SHRIRAM CITY, DEEP IND.
Securities in Ban For Trade Date 01-MAY-2017:
1.ADANIENT
2.BHARATFIN
3.JSWENERGY
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